Vermont § 106 - § 4A—106.

§ 106. § 4A—106.

• Time payment order is received (a) The time of receipt of a payment order or communication cancelling or amending a payment
  order is determined by the rules applicable to receipt of a notice stated in section 1—202 of this title. A receiving bank may fix a cut-off time or times on a funds-transfer business day
  for the receipt and processing of payment orders and communications cancelling or
  amending payment orders. Different cut-off times may apply to payment orders, cancellations,
  or amendments, or to different categories of payment orders, cancellations, or amendments.
  A cut-off time may apply to senders generally or different cut-off times may apply
  to different senders or categories of payment orders. If a payment order or communication
  cancelling or amending a payment order is received after the close of a funds-transfer
  business day or after the appropriate cut-off time on a funds-transfer business day,
  the receiving bank may treat the payment order or communication as received at the
  opening of the next funds-transfer business day. (b) If this article refers to an execution date or payment date or states a day on which
  a receiving bank is required to take action, and the date or day does not fall on
  a funds-transfer business day, the next day that is a funds-transfer business day
  is treated as the date or day stated, unless the contrary is stated in this article. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995; amended 2007, No. 99 (Adj. Sess.), § 14.)